online banking

Term Definition
account transfer Making an online transfer of money; for example, from a savings account to a checking account.
fraud When a criminal uses trickery to convince someone to give up valuable information or items of value.
identity theft When a criminal opens a credit card with another person’s name and Social Security number, charges merchandise, and leaves the victim with the unpaid bill.
online banking : Using the Internet and a bank’s Web site to keep track of bank accounts, move money from one account to another, and pay bills.
password Secret word used, with the username, to access online banking
personal information Important identifying data that lets your online bank know you are who you say you are, such as date of birth, Social Security number, and mother’s maiden name
phishing A criminal scheme to scare or trick victims into divulging personal information
username Account name used to access online banking.

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